What Is CasinoCoin (CSC)?
CasinoCoin (CSC) is a cryptocurrency developed by the Eminence Holding organization to regulate and control the gaming industry. The coin was developed using Ripple’s ledger and XRPL technology to facilitate efficient and fast transactions for users. The term Ripple ledger highlights a technology that acts as a digital payment network for crypto transactions. On the other hand, XRPL technology reflects a public blockchain that aims to facilitate reliable and fast transactions.
Further, according to the website of the asset, the coin has been developed on the ethos of consumer protection and compliance that would create a regulated gaming jurisdiction. In order to achieve this structure, CasinoCoin features various tools that would support both operators and users in a regulated gaming environment. These tools include:
XRP ledger: Also known as XRPL technology on which the coin was developed, and is used to seek to provide the facility of secure and fast transactions for both operators and users.
XUMM wallet: A noncustodial wallet for XRP ledger that participants can seek to use to securely store their coins without having to trust any third party. Further, the wallet seeks to provide users access to different online casinos while simplifying the process of registration of participants for the operators.
The usage of these two technologies aims to help users access many online gaming portals while allowing gaming operators to reach out to a large user base. Besides these facilities, there are some other significant advantages that the CasinoCoin seeks to provide, which include the following:
A low transaction fee for accessing and playing online games
A timely resolution for disputes by auditing the traceable blockchain of the coin
Removal of chargebacks that usually have to be borne by the operators
A trustless storage facility because of the XUMM wallet
A simplified process of registration for operators to maintain participant’s records
These advantages of the CasinoCoin seek to ensure a safe and transparent gaming environment for both users and operators, thus reflecting CasinoCoin as a medium of utility to participate in online games and gambling.
History of CasinoCoin (CSC)
The CasinoCoin is a digital currency belonging to Eminence LTD., presently headed by CEO Mark Robson. The Eminence organization was founded by Daniel Keller, Matthew Cheetham, and Andre Jochems in 2017. The CasinoCoin was first mined by Jochems in 2013 after the original developer of the coin departed, after which he brought the project to Eminence LTD. The CasinoCoin has a total supply of 64,993,568,966 CSC.